Swiss FINMA and MAS Crackdown on Falcon Private Bank over 1MDB Breaches

Posted on 10/11/2016

The Swiss Financial Market Supervisory Authority (FINMA) concluded that Falcon Private Bank Ltd. had seriously breached money laundering regulations by failing to carry out adequate background checks into transactions and business relationships associated with 1Malaysia Development Berhad (1MDB) which were booked in Switzerland, Singapore and Hong Kong. Falcon Private Bank has been owned by International […]

Get News, People, and Transactions, Delivered to Your Inbox